Xcel Energy

More News and Commentary

IEEFA U.S.: A rough week for the American coal industry

Momentum around declining consumption numbers, utility-company policy, export markets and internal assessments

The economic problems facing the U.S. coal industry have been on manifest display this week. On Tuesday morning, the federal Energy Information Administration reported that coal use in the U.S. is on track to fall to its lowest level since 1979, and that by year’s end consumption will be 44% below the 2007 peak of […]

December 7, 2018 Read More →

Betting on technology, major U.S. utility looks to be carbon-free by 2050

The Denver Post: Xcel Energy, Colorado’s largest electric utility, is upping its renewables game with the announcement Tuesday that it has a goal of being 100-percent carbon free by 2050. The Minneapolis-based company that serves eight states has been a leader in the quest to increase the use of renewable energy sources, said Ben Fowke, […]

December 5, 2018 Read More →

Colorado regulators approve Xcel plan to power steel mill with solar

S&P Global Market Intelligence ($): Colorado regulators approved an EVRAZ PLC subsidiary’s unique agreement with Xcel Energy Inc. for the steel company to have a 240-MW solar plant built on its mill property in Pueblo, Colo. Xcel Energy subsidiary Public Service Co. of Colorado on Aug. 15 applied to the Colorado Public Utilities Commission for […]

October 5, 2018 Read More →

Colorado legislator to offer plan enabling early coal plant retirements

Energy News Network: A Colorado state legislator says he will introduce a bill in January that would give utilities a tool to accelerate retirement of power plants increasingly unable to compete with cheaper technology. The plan, known as securitization, “could deliver mass savings across Colorado,” says State Rep. Chris Hansen, a Democrat from Denver. The […]

October 2, 2018 Read More →

Xcel completes 600MW Colorado Wind Project

Denver Post: With a plan to get the majority of its power from renewable energy by 2026, Xcel Energy Colorado on Tuesday celebrated the completion of one of the projects that will help realize that goal — a 300-turbine wind farm that sprawls across five counties on the Eastern Plains. The 600-megawatt Rush Creek Wind […]

September 19, 2018 Read More →

Colorado regulators okay Xcel coal plant closure plan

Denver Post: A plan by Xcel Energy Colorado to boost the share of power it gets from wind and solar and retire a third of its coal generation was green-lighted Monday by state regulators. The Colorado Public Utilities Commission voted 2-1 in support of what Xcel calls the Colorado Energy Plan, which the company says […]

August 28, 2018 Read More →

Xcel, steelmaker sign novel solar-tied power supply deal

The Pueblo Chieftain: Xcel Energy and EVRAZ Pueblo have agreed on a long-term electricity contract that guarantees the steelmaker price certainty for the next 22 years, the two companies announced Thursday. The agreement also clears the path for a potential major upgrade and expansion of the 1,000-worker mill. According to publicly available documents released in […]

August 17, 2018 Read More →

Xcel seeks to close two more coal plants, add renewables

Associated Press: Colorado’s largest electricity provider said Wednesday it wants to retire two coal-fired units a decade early and nearly double the share of power it gets from renewable sources. Xcel Energy said the changes would reduce its carbon pollution in the state by 60 percent and increase its share of renewable energy to almost […]

June 7, 2018 Read More →

Xcel, Hewing to ‘Steel for Fuel’ Strategy, Presses Ahead With Wind Farms in Texas and New Mexico

Utility Dive: The Texas Public Utilities Commission voted to approve two wind farm projects from Xcel Energy’s Southwestern Public Service — a 478 MW project in Hale County, Texas and a 522 MW wind project in Roosevelt County, New Mexico. New Mexico regulators had approved the proposal in March. The Commission also approved the power […]

May 31, 2018 Read More →

Xcel Closes Coal Plants, Cuts Carbon Emissions Sharply

The Denver Post: Xcel Energy has cut carbon emissions 35 percent since 2005 and expects to surpass 50 percent by 2022, largely by retiring aging coal plants and replacing them with renewable sources. The Minneapolis-based owner of Colorado’s largest utility appears ahead of schedule on its goal of reaching a 60 percent reduction in 2005 […]

May 24, 2018 Read More →